BonoLoto Lottery

The BonoLoto is one of the primary games played in Spain and is an important part of the “Loteria Nacional”. The very first draw for this lottery was drawn on the 28th of February in 1988. Since its first draw, the BonoLoto has gone through a lot of change. Many amendments were made to get the lottery to what is it today. The first of these amendments is that of the ticket cost refund. This allows players to get a refund on their ticket if they get the bonus number drawn. Another one of Spain’s popular lotteries is ‘La Primitiva’ which costs a lot more to play than Bonoloto. As a result, Bonoloto has been immensely popular among the players as a game that allows players to win jackpots at reasonable and affordable prices.

The Spanish BonoLoto is currently drawn every Monday, Tuesday, Wednesday, and Friday at 9 PM, Central European Time (CET).

RULES

How to play BonoLoto

The Bonoloto tickets can be purchased in one of the blue colored lottery outlets. Once the tickets are bought, they can be filled out by selecting 6 numbers. Alternatively, players can also purchase a computer drawn ticket. The game follows a 6/49 pattern. The jackpots for this lottery begins at €400,000 and is played four times a week. Thus in one week, the lottery rolls over four times. This amount rolls over until there is a winner.

The highest ever Bonoloto jackpot prize was €7 million. This was won by a single ticket holder in the year 1990. Since then, the jackpot has not hit this high. But the jackpots are still in the seven figures.

There is an additional feature to the Bonoloto which is the complimentary number also known as ‘complimentario’. If players are able to match five numbers plus the complimentary number, they are eligible for the second tier prizes. Another feature that Bonoloto has is known as the Reintegro feature which is the refund feature described above. In this feature, the ‘Reintegro’ is assigned randomly to a ticket. If the player is unable to match any of six numbers that were drawn but has the ‘Reintegro’, then the player is eligible for a refund on the ticket costs.

Who can play BonoLoto

The Bonoloto can be played by anyone who is above the age of 18. It is a game that can be played globally. However, the Spanish lottery law states that all winning must remain within Spain. If the prize money is to be transferred to another country, the winner will have to pay taxes for this transfer.

WIN

The odds of winning a BonoLoto

Prizes begin and are distributed for those matching three numbers and this goes up until the six numbers are matched and there is a winner for the jackpot. This provides five different combinations for winning the lottery. There is a 1 in 57 chance to get three numbers correct. For four, it is 1 in 1,032. This goes on till the five plus the complementary number match and the all six numbers being matched. There is a 1 in 2,330, 636 to get five numbers plus the complementary number matched and a 1 in 13, 983, 816 chance to win the Jackpot lottery.

Payments and Costs for BonoLoto

The Bonoloto tickets can be purchased in any of the Lottery outlets in Spain. These outlets are known are ‘Loterias y Apuestas Del Estado’. These outlets are painted or colored blue for easy spotting. The cost of the tickets is €0.50 each. This is for a single line of Bonolotto. The minimum play is €1 where two lines are played for the same draw. Also for the same €1, the same line can be played for two draws.

Claiming the prize money

Once the Bonoloto numbers are drawn, then prizes can be claimed at the lottery offices or online. For those who have won online, money will be transferred to the registered account. However, websites have different rules on the ceiling amount that can be transferred. It is advised that the players refer to their respective website.

For those who are claiming at the office, the first step is to take the ticket for checking. The ticket will be verified by an electronic machine. Once it has been confirmed that the ticket has won, the machine will also show the amount that has been won. If the machine shows the ticket to be invalid, irrespective of the numbers drawn, the ticket will be void.

After verification, any prize that is 600 euros or below will be paid directly by the lottery offices. For large amounts, the winning ticket will have to be taken to the winner’s bank. The bank will copy the ticket, sign a receipt on the ticket and keep the original ticket with it. The bank will then contact the lottery office to confirm the winning and the validity of the ticket. Once this is confirmed, the prize money will be transferred to the winner’s bank account. The prize must be claimed within the next 60-90 days.

Tax payments for BonoLoto

Spain charges 20% tax on lotteries for all prize monies above €2500. There is also an additional tax to be paid if prize money is transferred outside Spanish borders.

SUMMARY

Good Causes supported by the BonoLoto

Bonolotto is part of the Spanish Lotteries. 55% of the revenue from lotteries goes back to the prizes and the balance amount goes to the state pool. There is no mention of separate contribution done by each of the Spanish lotteries.

Conclusion

The Spanish Bonolotto is one of the few games that have such a frequent rollover. This obviously leads to increased prize money. It is a lottery that meets its goal – providing higher prizes at affordable rates.